M&A
confidence high
sentiment positive
materiality 0.65
Vulcan Materials agrees to acquire Wake Stone Corporation, a Carolinas aggregates supplier
Vulcan Materials CO
- Acquisition adds more than 60 years of high-quality hard rock reserves serving Raleigh and other high-growth Carolinas markets.
- Wake Stone is a leading pure-play aggregates supplier founded in 1970; no financial terms of the deal were disclosed.
- Transaction expected to close later in 2024, subject to customary closing conditions.
- Vulcan says deal is value-enhancing and consistent with its aggregates-led growth strategy.